Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Iran - 2022
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Iran (FOB) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Iran
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Iran (FOB) - 2022
In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $523 per ton, with an increase of 5.9% against the previous year. Overall, the export price, however, recorded a mild descent. The growth pace was the most rapid in 2019 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $680 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($668 per ton), while the average price for exports to India ($238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Iran
In 2022, shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses was finally on the rise to reach 204 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic curtailment.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses expanded rapidly to $106K in 2022. Over the period under review, exports, however, recorded a sharp descent.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 190 | 53.6 | 48.0 | 52.1 | -35.0% |
| United Arab Emirates | 175 | 49.1 | 43.7 | 47.0 | -35.5% |
| Kenya | 19.8 | 1.4 | 2.6 | 2.3 | -51.2% |
| India | 9.8 | 2.0 | 1.2 | 1.0 | -53.3% |
| Others | 31.5 | 6.6 | 4.7 | 4.0 | -49.7% |
| Total | 425 | 113 | 100 | 106 | -37.1% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Iran in 2022:
- United Arab Emirates (115.3 tons)
- Malaysia (78.0 tons)
- India (4.0 tons)
- Kenya (2.5 tons)
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